"Origin Property" has launched a new bond series with two types: a 3-year bond with an interest rate of 4.40% and a 4-year bond with an interest rate of 4.60% per annum, with interest paid every three months. The bonds will be offered on July 6-7 and July 10 this year. The offering is backed by 8 financial institutions, ensuring a credit rating of "BBB+/Stable" from Tris Rating. The company is advancing its "Origin Infinity" strategy to create endless growth and is preparing to spin off "One Origin" or ONEO into the stock market after closing a joint venture deal with EnCo, a subsidiary of PTT Group, to develop the Holiday Inn Express Rayong hotel, showcasing a strong backlog of 44,221 million baht, with continuous revenue recognition.

Mr. Pirapong Jaruaneak, CEO of Origin Property Public Company Limited (ORI), a comprehensive real estate developer, stated that the company is preparing to offer non-subordinated, unsecured bonds with a representative for bondholders to the general public and/or institutional investors. The bonds will be issued in two series: a 3-year bond with an interest rate of 4.40% per annum and a 4-year bond with an interest rate of 4.60% per annum, with interest paid every three months throughout the bond's term. The offering price is 1,000 baht per unit, with a minimum subscription of 100,000 baht and increments of 100,000 baht. The funds raised from this new bond issuance will be used to repay maturing bonds and serve as working capital for the company's expansion.

The bonds will be offered between July 6-7 and July 10, 2023, through 8 financial institutions acting as underwriters, including Krung Thai Bank Public Company Limited, Kasikorn Bank Public Company Limited, CIMB Thai Bank Public Company Limited, Kiatnakin Phatra Securities Public Company Limited, Asia Plus Securities Company Limited, Yuanta Securities (Thailand) Company Limited, CGS-CIMB Securities (Thailand) Company Limited, and Krungsri Patanasin Securities Public Company Limited, available through branches, online systems, and mobile applications of Krung Thai Bank, Kasikorn Bank, CIMB Thai Bank, and Kiatnakin Phatra Securities.

At the same time, the bonds have been rated by Tris Rating on April 24, 2023, at "BBB+" with a credit outlook of "Stable", which is considered investment grade. This rating reflects that Origin Property is a leader in real estate development with a strong backlog of sales waiting to be recognized as revenue, which will support the company's revenue and profit growth. As of March 31, 2023, the company had a backlog of 44,221 million baht, which will be gradually recognized as revenue between 2023 and 2027.

Mr. Pirapong also mentioned that in 2023, the company is moving forward with its "Origin Infinity" plan, aiming to become a Well-Being Lifetime Company, focusing on providing comprehensive consumer care throughout their lifetime by expanding products and services nationwide. The company plans to launch a total of 42 new projects valued at 50,000 million baht across 13 provinces and expand its business beyond residential properties to cater to all generations, while continuously listing one subsidiary on the stock market each year. This year, the company plans to list One Origin Public Company Limited, which operates a recurring income business, as the next company due to its high growth potential.

Recently, One Origin Public Company Limited successfully closed a joint venture deal to develop a new project with Energy Complex Company Limited (EnCo), a comprehensive real estate development and management company within the PTT Group, to jointly develop the Holiday Inn Express Rayong hotel, an 8-story building with 204 rooms, located in the mega-project area of Origin Smart City Rayong, a smart city of the future.

For general investors and/or institutional investors interested in subscribing to the bonds of Origin Property Public Company Limited (ORI), the minimum subscription is 100,000 baht, with increments of 100,000 baht. The bonds will be offered between July 6-7 and July 10, 2023. More details can be found at www.sec.or.th or by contacting the financial institutions managing the bond sales as follows:

  1. Krung Thai Bank Public Company Limited Tel. 02-111-1111 or subscribe online via the Krungthai Next application or through Money Connect by Krungthai (https://moneyconnect.krungthai.com/)
  2. Kasikorn Bank Public Company Limited (individuals can subscribe online via https://www.kasikornbank.com/kmyinvest except for foreign nationals and legal entities who can subscribe through the head office and branches) Tel. 02-888-8888 press 819
  3. CIMB Thai Bank Public Company Limited Tel. 02-626-7777 or subscribe via the Mobile application - CIMB Thai Digital Banking
  4. Kiatnakin Phatra Securities Public Company Limited (including Kiatnakin Phatra Bank Public Company Limited as a sales unit) Tel. 02-165-5555 or the DIME Application
  5. Asia Plus Securities Company Limited Tel. 02-680-4004
  6. Yuanta Securities (Thailand) Company Limited Tel. 02-009-8351-56
  7. CGS-CIMB Securities (Thailand) Company Limited Tel. 02-846-8675
  8. Krungsri Patanasin Securities Public Company Limited Tel. 02-638-5500

For Origin Property Public Company Limited (ORI), the business structure is diverse, consisting of
1. Residential Development Business has developed 130 projects (as of Q1 2023), including brands like Park Origin, So Origin, Origin Plug & Play, Knightsbridge, Notting Hill, Origin Place, The Origin, Kensington, Hampton, Origin Play, Brixton, and Britania, with a total project value exceeding 197,581 million baht. 2. Recurring Income Business includes hotels, serviced apartments, and retail. 3. Service Business includes services for residents, property management, real estate brokerage, and real estate consulting. and 4. Long-term Mega Trends Business, a new business group with long-term growth potential, such as logistics, healthcare, energy, finance, entertainment, etc., to enhance the quality of life for consumers comprehensively.